Try GOLD - Free
Three-wheeler EV sales race past those of ICE models in April-May
Financial Express Mumbai
|June 20, 2022
DEMAND BOOST FROM E-COMM FIRMS, INTRA-CITY LOGISTICS PLAYERS. SHARE OF ELECTRIC VERSIONS IN TOTAL RETAIL SALES WAS 42,977 UNITS, AGAINST 40,927 UNITS OF ICE VARIANTS
New Delhi, June 19 ON THE BACK of rising demand from e-commerce firms and intra-city logistics players, sales of electric three-wheelers have overtaken internal combustion engine (ICE) models in April and May.
During these two months, of the total retail sales of 83,904 units, electric models accounted for 42,977 units against 40,927 units of ICE variants, according to data from market intelligence firm PGA Labs.
The share of electric models in the three-wheeler segment has been steadily growing over the past three years. From 20% in FY20, it jumped to 34% in FY21 and then to 46% in FY22. The government is targeting 80% EV penetration for three-wheelers by 2030.
This story is from the June 20, 2022 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
Asia's wealthy reconsider Dubai bet as war escalates
MANY OF ASIA'S richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years.
2 mins
March 10, 2026
Financial Express Mumbai
G7 hold off on oil stock release as prices rise
G7 COUNTRIES HAVE not yet decided whether to release emergency oil reserves as prices surge above $119 a barrel due to the Iran war, France's finance minister said on Monday, adding that governments saw no immediate supply shortfall.
1 min
March 10, 2026
Financial Express Mumbai
Tata's fights going public.Why doesn't its equity?
FOR THE SECOND time in a decade, discord at India's richest conglomerate is going public.
3 mins
March 10, 2026
Financial Express Mumbai
Khamenei's son to succeed him
THE hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader on Monday, signaling no letup in the war launched by the US and Israel.
1 mins
March 10, 2026
Financial Express Mumbai
Limited impact on inflation till now: FM
THE IMPACT OF higher oil prices, triggered by the US-Iran war, on domestic rates has not been substantial so far, as inflation is near the lower bound of the target, Finance Minister Nirmala Sitharaman said on Monday.
1 mins
March 10, 2026
Financial Express Mumbai
Oil tops $100, markets in meltdown
Brent crude prices soar as US-Iran war rages on; enough stock, says govt
3 mins
March 10, 2026
Financial Express Mumbai
Trump to review options to curb energy price spike
US PRESIDENT DONALD Trump is expected to review a set of options to tame oil prices, two people familiar with the matter told Reuters.
1 min
March 10, 2026
Financial Express Mumbai
Crude reality
The surge in oil prices and a supply shortfall could slow the economy and weaken the rupee.
2 mins
March 10, 2026
Financial Express Mumbai
M&M, TaMo roll out March-end discounts
MAHINDRA & MAHINDRA and Tata Motors are offering steep discounts on electric passenger vehicles across several models and variants as they look to accelerate deliveries ahead of the close of the financial year.
1 min
March 10, 2026
Financial Express Mumbai
India's inbound students to grow: Report
INDIA'S INBOUND STUDENT numbers are expected to grow at approximately 8 % per year from an estimated base of 58,000 students in 2025, making it one of the fastest-growing study destinations globally, according to a QS report.
1 min
March 10, 2026
Translate
Change font size